zSpace, Inc. announced its intention to voluntarily delist its common stock from The Nasdaq Capital Market and deregister it under Section 12(b) of the Securities Exchange Act of 1934. Trading on Nasdaq has been suspended since April 28, 2026, following a delisting determination that was upheld by a Nasdaq Hearings Panel in August 2026. The company plans to file Form 25 with the SEC around September 25, 2026, expecting delisting to become effective on October 5, 2026, and deregistration on December 24, 2026. Subsequently, zSpace intends to file Form 15 in early January 2027 to suspend remaining SEC reporting obligations. The decision was driven by the high costs of compliance relative to limited benefits given the trading suspension. zSpace, Inc. develops augmented and virtual reality hardware and software for educational institutions.

zSpace, Inc. reported second quarter 2026 financial results showing revenue of $5.4 million, down from $7.5 million in the prior year period, driven by delayed and returned orders in EMEA due to geopolitical disruptions. The company achieved net income of $0.3 million compared to a net loss of $6.1 million previously, aided by a 1,380 basis point expansion in gross margin to 56% and a one-time gain on the extinguishment of convertible debt. Operating expenses excluding stock-based compensation decreased to $4.0 million from $7.7 million. The Board continues its formal review of strategic alternatives to maximize shareholder value. zSpace operates in the augmented and virtual reality technology sector, providing immersive learning solutions for education and workforce development.